Caseware UK (AP4) 2023.0.135 2023.0.135 2023-08-312023-08-311false2022-09-01No description of principal activity2truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 05546522 2022-09-01 2023-08-31 05546522 2021-09-01 2022-08-31 05546522 2023-08-31 05546522 2022-08-31 05546522 c:Director1 2022-09-01 2023-08-31 05546522 d:PlantMachinery 2022-09-01 2023-08-31 05546522 d:PlantMachinery 2023-08-31 05546522 d:PlantMachinery 2022-08-31 05546522 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-09-01 2023-08-31 05546522 d:CurrentFinancialInstruments 2023-08-31 05546522 d:CurrentFinancialInstruments 2022-08-31 05546522 d:Non-currentFinancialInstruments 2023-08-31 05546522 d:Non-currentFinancialInstruments 2022-08-31 05546522 d:CurrentFinancialInstruments d:WithinOneYear 2023-08-31 05546522 d:CurrentFinancialInstruments d:WithinOneYear 2022-08-31 05546522 d:Non-currentFinancialInstruments d:AfterOneYear 2023-08-31 05546522 d:Non-currentFinancialInstruments d:AfterOneYear 2022-08-31 05546522 d:ShareCapital 2023-08-31 05546522 d:ShareCapital 2022-08-31 05546522 d:RetainedEarningsAccumulatedLosses 2023-08-31 05546522 d:RetainedEarningsAccumulatedLosses 2022-08-31 05546522 c:FRS102 2022-09-01 2023-08-31 05546522 c:AuditExempt-NoAccountantsReport 2022-09-01 2023-08-31 05546522 c:FullAccounts 2022-09-01 2023-08-31 05546522 c:PrivateLimitedCompanyLtd 2022-09-01 2023-08-31 05546522 d:AcceleratedTaxDepreciationDeferredTax 2023-08-31 05546522 d:AcceleratedTaxDepreciationDeferredTax 2022-08-31 05546522 2 2022-09-01 2023-08-31 iso4217:GBP xbrli:pure
Registered number: 05546522






A G SAFETY SERVICES LIMITED
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023










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A G SAFETY SERVICES LIMITED
REGISTERED NUMBER:05546522

BALANCE SHEET
AS AT 31 AUGUST 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
933
1,165

  
933
1,165

Current assets
  

Debtors: amounts falling due within one year
 5 
12,689
20,367

Cash at bank and in hand
 6 
52,424
52,012

  
65,113
72,379

Creditors: amounts falling due within one year
 7 
(25,134)
(24,144)

Net current assets
  
 
 
39,979
 
 
48,235

Total assets less current liabilities
  
40,912
49,400

Creditors: amounts falling due after more than one year
 8 
(11,247)
(17,168)

Provisions for liabilities
  

Deferred tax
 9 
(177)
(221)

  
 
 
(177)
 
 
(221)

Net assets
  
29,488
32,011


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
29,388
31,911

  
29,488
32,011

Page 1

 
A G SAFETY SERVICES LIMITED
REGISTERED NUMBER:05546522
    
BALANCE SHEET (CONTINUED)
AS AT 31 AUGUST 2023

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
A Gymer
Director

Date: 19 March 2024

Page 2

 
A G SAFETY SERVICES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

1.


General information

A G Safety Services Limited is a private company limited by shares, incorporated in England and Wales. Its registered office is C/O Venthams Limited Unit 8, Phoenix House, Redhill Aerodrome, Kings Mill Lane, Redhill, Surrey, RH1 5JY
The principal activity of the company continued to be that of technical testing and analysis.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 3

 
A G SAFETY SERVICES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

2.Accounting policies (continued)

 
2.6

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant & machinery
-
20% reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 4

 
A G SAFETY SERVICES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

2.Accounting policies (continued)

 
2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.11

Provisions for liabilities

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to profit or loss in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Balance Sheet.

 
2.12

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

The Company has elected to apply the recognition and measurement provisions of IFRS 9 Financial Instruments (as adopted by the UK Endorsement Board) with the disclosure requirements of Sections 11 and 12 and the other presentation requirements of FRS 102.

Financial instruments are recognised in the Company's Balance Sheet when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

 
2.13

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2022 -2).

Page 5

 
A G SAFETY SERVICES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

4.


Tangible fixed assets





Plant & machinery

£



Cost or valuation


At 1 September 2022
5,592



At 31 August 2023

5,592



Depreciation


At 1 September 2022
4,427


Charge for the year on owned assets
232



At 31 August 2023

4,659



Net book value



At 31 August 2023
933



At 31 August 2022
1,165


5.


Debtors

2023
2022
£
£


Trade debtors
12,384
20,232

Other debtors
305
135

12,689
20,367



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
52,424
52,012

52,424
52,012


Page 6

 
A G SAFETY SERVICES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
5,921
5,775

Other taxation and social security
16,368
16,872

Other creditors
1,294
203

Accruals and deferred income
1,551
1,294

25,134
24,144



8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
11,247
17,168

11,247
17,168



9.


Deferred taxation




2023


£






At beginning of year
(221)


Charged to profit or loss
44



At end of year
(177)

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Accelerated capital allowances
(177)
(221)

(177)
(221)

 
Page 7